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.@SenatorHagerty's GENIUS Act gets us one step closer to maintaining American leadership in digital assets.
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SenLummis
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Our edge in digital finance is at risk if U.S. companies are taxed more than foreign competitors. @berniemoreno & I urged the @USTreasury to lift an unintended tax burden on U.S. digital asset companies. To lead the world in digital assets, we need a level playing field.⬇️
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Digital assets ARE the future. We either embrace them, or we lose. There is not an in between.
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The GENIUS Act protects consumers by: ✅ Requiring all stablecoins to be backed 1-to-1 ✅ Giving consumers strong rights in bankruptcy ✅ Establishing strict marketing standards
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@SenatorHagerty's GENIUS Act gets us one step closer to maintaining American leadership in digital assets.
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The BITCOIN Act is the only solution to our nation’s $36T debt. I’m grateful for a forward-thinking president who not only recognizes this, but acts on it.
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